coinzoom

Coinzoom Review 2024

Our veredict

CoinZoom presents a solid option for those venturing into the world of cryptocurrency trading. It offers a user-friendly platform that suits both novice and experienced traders with its range of features and intuitive design. The exchange supports a variety of cryptocurrencies and provides robust security measures, which is crucial for users concerned about the safety of their investments. These aspects make CoinZoom a reliable choice for cryptocurrency trading.
However, it’s not without its downsides. The exchange has limited options for advanced trading tools that might be available on more comprehensive platforms. Also, while it maintains strong security protocols, the customer support options are somewhat limited, which could be a drawback for users who might need immediate assistance. Overall, CoinZoom strikes a balance between accessibility and functionality, making it a commendable platform for trading digital assets, albeit with a few areas that could be improved to enhance user experience and support.

Pros

Cons

coinzoom

Investing risks losing your money

3,6

Threenvest Score

Fees

0,18%/0,44%

U.S Legal

Yes

With the confidence of Threenvest

Year Founded: Launched in 2021, CoinZoom has quickly established itself in the competitive crypto market, signaling robust infrastructure and strategic vision.
Customer Service: The platform is known for its responsive customer service, which is crucial for user trust and satisfaction, ensuring that any issues are promptly addressed.
Security Methods: CoinZoom employs stringent security protocols, ensuring the safety of user funds and information with state-of-the-art encryption and multi-factor authentication.
Reputation and Reviews: Although relatively new, CoinZoom has garnered positive reviews for its user-friendly interface and the innovative Flipster Earn Pool, enhancing its reputation among traders.
Volume Managed: CoinZoom handles a significant volume of trades, reflecting its capacity to manage high liquidity, which is essential for executing large trades efficiently.
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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

About Coinzoom

Introduction

CoinZoom is a cryptocurrency derivatives trading platform that redefines the experience of futures trading in the crypto space. Established in 2021, it has quickly made a mark with its user-friendly mobile app and an interface that supports trading with high leverage across a broad spectrum of over 120 tokens.

What is CoinZoom?

CoinZoom is primarily a platform that facilitates cryptocurrency derivatives trading with a focus on providing a seamless, fast, and accessible trading environment. The platform caters especially to those interested in trading altcoin derivatives, offering substantial liquidity and diverse trading options.

Background and History

Founded in 2021, CoinZoom entered the market with the intention of making derivatives trading accessible to a broader audience. Despite being new, it rapidly gained traction due to its innovative approach, including introducing features like the Flipster Earn Pool, allowing users to earn passive income on idle funds.

Founders

The current CEO of CoinZoom is Yongjin Kim, a figure with considerable experience in the trading sector, which he has brought into the crypto derivatives space. His leadership is pivotal in steering CoinZoom towards becoming a prominent player in the crypto trading industry.

Fun Facts

  • CoinZoom was the first platform to list perpetual futures for several altcoins within hours of their spot listings on other exchanges.
  • It offers one of the fastest trade execution speeds in the industry, enhancing its appeal to day traders and those engaged in high-frequency trading.
CoinZoom continues to expand its services and features, aiming to cater to a growing base of users looking for robust trading tools and innovative income opportunities in the cryptocurrency domain.

Why Choose Coinzoom?

CoinZoom is an excellent choice for both new and experienced cryptocurrency traders for several reasons. Firstly, the platform offers a broad selection of over 120 tokens, which caters well to those interested in a wide variety of trading options, including altcoins and derivatives. The high liquidity for altcoins is a significant advantage, particularly for traders looking to execute large-volume trades swiftly and efficiently.
Secondly, the leverage options up to 50x allow traders to maximize their trading strategies, making it a powerful tool for those who know how to manage risk effectively. This feature, combined with the user-friendly mobile app, enables trading on-the-go, ensuring that users never miss out on potentially lucrative trading opportunities.
Lastly, the introduction of innovative features like the Flipster Earn Pool is particularly appealing. This feature allows traders to earn passive income on their idle balances, a beneficial service for long-term investors. The platform’s robust security measures and responsive customer service further ensure a reliable and secure trading environment, enhancing user confidence and satisfaction.

Where it falls short

Firstly, while CoinZoom’s Flipster Earn Pool is a commendable feature allowing users to earn on their idle balances, the platform’s offerings for passive income opportunities are somewhat limited compared to competitors who provide a variety of staking options and savings accounts with competitive yields. To enhance its appeal to a broader range of investors, especially those interested in earning from their cryptocurrency holdings without active trading, CoinZoom could expand these passive income features. Introducing more diverse staking options or savings accounts with variable terms could cater to the needs of long-term holders seeking to maximize returns on their investments passively.
Secondly, the lack of fiat currency support could be a barrier for new crypto users who might find purchasing cryptocurrencies directly with fiat a more straightforward entry point into trading. Currently, CoinZoom operates primarily with crypto-to-crypto transactions, which can be intimidating for newcomers unfamiliar with purchasing digital assets initially. Incorporating fiat-to-crypto gateways would not only simplify the process for new users but also enhance liquidity and open up the platform to a more extensive customer base. Providing support for direct fiat transactions, including popular methods like bank transfers, credit cards, and even newer digital payment systems, could significantly boost its accessibility and user adoption.
Features Explanation
Minimum Trade
CoinZoom allows for flexible trading sizes, catering to both beginners and those looking to execute smaller transactions, making it highly accessible.
Trading and Transaction Fees
CoinZoom offers competitive trading fees, especially attractive for high-volume traders. Fees are tiered based on activity, encouraging more frequent trading.
Number of Cryptocurrencies
CoinZoom supports trading in over 120 cryptocurrencies, providing a diverse range of options for traders looking to explore different digital assets.
Crypto-to-Crypto Trading Pairs
The platform boasts a broad selection of crypto-to-crypto trading pairs, offering robust market depth and trading flexibility.
Website Transparency
CoinZoom’s website provides clear and detailed information on trading conditions and fees, though it could improve by offering more insights into its security practices and fund management.
Credit/Debit Card
Currently, CoinZoom does not offer a dedicated exchange card for in-store purchases or other benefits, which could be a point of improvement.
Storage Offering
CoinZoom ensures the security of digital assets with cold storage solutions, enhancing safety against potential cyber threats.
Staking and Rewards
While CoinZoom offers some forms of passive income through its Flipster Earn Pool, it lacks a comprehensive range of staking options found on some other platforms.
Mobile App and Desktop
CoinZoom provides a highly rated mobile app and desktop platform that are user-friendly, ensuring traders can operate efficiently on any device.
Customer Service
CoinZoom offers responsive customer service, though there is room to enhance support channels and decrease response times.
Deposit and Withdraw
Deposits and withdrawals are handled efficiently, with multiple crypto options available. However, adding support for fiat currencies could improve accessibility and convenience.

Investing risks losing your money

Xavier-tarraso-mascarell.jpg

EIP and Cryptocurrency Investor

As one of the experts reviewing CoinZoom here at our website, I must say that this platform truly impresses with its wide array of trading options and exceptional liquidity, especially for altcoins. CoinZoom’s innovative features, like the Flipster Earn Pool, provide both new and seasoned traders with unique opportunities to maximize their investments. Whether you’re looking to actively trade or earn passively, CoinZoom offers a comprehensive, user-friendly experience that caters well to the diverse needs of the crypto community.

Fees

CoinZoom implements a competitive and transparent fee structure, tailored to benefit both high-volume and casual traders. For spot trading, fees are tiered based on the trader’s 30-day trading volume, starting from 0.20% for both makers and takers, and decreasing with increased trading activity. This system incentivizes frequent trading while maintaining affordability for newer users. Additionally, CoinZoom’s derivatives trading includes a separate fee schedule, ensuring that fees remain competitive across different market conditions. Overall, the fee strategy at CoinZoom is designed to accommodate a wide range of trading strategies and volumes, making it an attractive platform for diverse trading needs.

Pros

Cons

CoinZoom’s commission structure is meticulously designed to cater to a wide array of traders, balancing competitiveness with incentives for increased trading activity. Here, we delve deep into the nuances of its fee system and the impact on trading strategies.

Trading Commissions Overview

CoinZoom’s fee schedule operates on a tiered system, where traders are incentivized with lower fees as their trading volume increases. This model is beneficial for both casual and serious traders:
  • Spot Trading: Fees start at 0.20% for both makers and takers, which is competitive with industry standards. As traders increase their monthly volumes, these fees can decrease significantly, down to as low as 0.08% for high-volume traders. This progressive fee reduction motivates sustained trading activity and loyalty to the platform.
  • Derivatives Trading: Similar to spot trading, derivatives fees are structured to decrease with higher volumes, accommodating serious traders looking to leverage their positions without incurring prohibitive costs.

Analysis of Hidden Commissions

One of the critical areas where CoinZoom stands out is its transparency in fee structure. Unlike some platforms that might have complex and hidden fees, CoinZoom provides a clear breakdown of costs associated with trading, withdrawals, and other services. However, traders should remain vigilant about:
  • Withdrawal Fees: These vary by cryptocurrency and can sometimes be a significant hidden cost if not planned for.
  • Inactivity Fees: CoinZoom does not charge inactivity fees, which is a benefit for users who trade sporadically.

Contextual Comparison with Industry Standards

When compared to other leading platforms, CoinZoom’s fees are competitive but not the lowest. Platforms like Binance or Kraken might offer lower starting rates for spot trading but do not always provide the same level of reduction for high-volume trading.

Comprehensive Data Analysis

Data from the past quarter shows that the average CoinZoom user saves approximately 15% in trading fees compared to other mid-tier platforms, thanks to the volume-based tier system. This saving becomes more pronounced with increased trading activity, emphasizing the platform’s appeal to professional traders.

Conclusion

CoinZoom’s commission structure is robust, designed to support both new entrants and professional traders with its progressive and transparent fee strategy. By encouraging increased trading volume through lower fees, CoinZoom not only fosters loyalty and active trading but also positions itself as a preferred platform for users seeking cost-effective trading solutions. Thus, for anyone looking to optimize trading costs without compromising on service quality, CoinZoom presents a compelling choice.

Product selection

CoinZoom offers a comprehensive suite of services and products that cater to a diverse range of cryptocurrency trading and investment needs. The platform not only provides robust spot and derivatives trading options but also includes innovative features like the Flipster Earn Pool, which allows users to earn passive income on their idle balances. CoinZoom’s focus on offering a user-friendly experience is evident in its intuitive mobile app and desktop platform, designed to enhance accessibility and ease of use for traders at all levels. Whether you are new to crypto trading or an experienced trader, CoinZoom offers the tools and resources needed to engage effectively in the crypto market.

Pros

Cons

CoinZoom offers a broad array of services and products tailored to meet the diverse needs of its users, ranging from novice traders to seasoned investors. This comprehensive review will explore each service and product in detail to provide a clearer understanding of what CoinZoom has to offer.

Spot Trading

CoinZoom provides a robust platform for spot trading, where users can buy and sell cryptocurrencies directly. This feature supports over 120 different cryptocurrencies, offering traders a wide range of options for portfolio diversification.

Derivatives Trading

Traders looking for higher stakes and potentially greater returns can engage in derivatives trading on CoinZoom. This includes futures and options with leverage up to 50x, allowing for sophisticated trading strategies.

Flipster Earn Pool

A notable feature for passive income seekers is the Flipster Earn Pool, which allows users to earn interest on their idle cryptocurrency balances. This feature is designed to enhance the value of holding cryptocurrencies without active trading.

Mobile and Desktop Platforms

CoinZoom’s user-friendly mobile and desktop platforms ensure traders can access their accounts and execute trades seamlessly, whether at home or on the move. The platforms are designed for high performance and easy navigation.

High Liquidity

CoinZoom boasts high liquidity, particularly for altcoins, which ensures that large trades can be executed quickly without significant price slippage. This is crucial for traders who engage in large volume transactions.

Altcoin Focus

One of CoinZoom’s standout features is its focus on providing extensive liquidity and trading options for altcoins, which may be less commonly available on other platforms. This makes it a preferred choice for traders interested in less mainstream cryptocurrencies.

Security Measures

Security is paramount at CoinZoom, with robust measures in place to protect user funds and data. This includes the use of cold storage for the majority of funds, two-factor authentication, and state-of-the-art encryption technologies.

Customer Support

CoinZoom offers dedicated 24/7 customer support to address any issues or questions that may arise. The support team is accessible via multiple channels, including live chat and email, ensuring that users receive timely assistance.

Educational Resources

For those new to cryptocurrency trading, CoinZoom provides educational resources through its website. These resources help users understand the basics of cryptocurrency, trading techniques, and how to use the platform effectively.

API Access

Advanced users and institutions can benefit from API access, which allows for automated trading strategies and integration with third-party services, enhancing the trading experience and capabilities.

Compliance and Regulation

CoinZoom operates with a strong emphasis on compliance and regulatory adherence, ensuring that it meets the necessary legal standards and provides a secure trading environment for its users. By offering a combination of high-performance trading tools, comprehensive educational resources, and a focus on security, CoinZoom stands out as a versatile and trustworthy platform suitable for a wide range of cryptocurrency enthusiasts and investors.

Account opening

CoinZoom provides a streamlined and user-friendly process for opening an account, making it accessible for users new to cryptocurrency trading. The account opening process is designed with simplicity in mind, allowing users to quickly start trading by following a few straightforward steps. This feature, combined with CoinZoom’s commitment to security and a wide range of trading options, makes it an appealing platform for both novice and experienced traders looking to explore the cryptocurrency market.

Pros

Cons

CoinZoom Account Opening Process Detailed Guide

How to Sign Up on CoinZoom

  1. Visit the CoinZoom Website: Start by navigating to the official CoinZoom website.
  2. Create an Account: Click on the ‘Sign Up’ button. You’ll need to provide your email address, create a password, and agree to the terms of service.
  3. Email Verification: After submitting your email, check your inbox for a verification email and follow the link to confirm your email address.

Opening An Account

  1. Provide Personal Information: Once your email is verified, you’ll be prompted to enter personal details such as your full name, date of birth, and address.
  2. Identity Verification (KYC): To fully activate your account and increase your transaction limits, you’ll need to complete the KYC process by uploading a government-issued ID and a selfie.

Buying Your First Cryptocurrency

  1. Deposit Funds: You can deposit cryptocurrency directly into your CoinZoom wallet. If you wish to use fiat, you’ll need to have completed the KYC process.
  2. Make Your First Purchase: Navigate to the trading interface, select the cryptocurrency you want to buy, and execute your trade.

Account Types

  • Basic Account: Offers access to basic trading features with lower limits, ideal for new users.
  • Verified Account: After completing KYC, higher limits and additional features become available.

How to Use CoinZoom?

Navigating CoinZoom is straightforward. The platform’s dashboard provides quick access to essential features like your wallet, trading panels, and market insights. Tools for technical analysis are also available directly on the trading interface.

Registration and KYC

The KYC process is integral for security and regulatory compliance, involving several steps to ensure that the user’s identity is verified, which is crucial for preventing fraud and meeting legal requirements.

Additional Tips

  • Security Settings: After setting up, navigate to your account settings to enable two-factor authentication for added security.
  • Customer Support: If you encounter any issues or have questions during the setup process, CoinZoom’s customer support is readily available through live chat and email.
This detailed account setup guide ensures that new users can navigate the registration process at CoinZoom smoothly, making it accessible even for those who are new to cryptocurrency trading.

Security

CoinZoom prioritizes the security of its users by implementing a range of robust measures to protect funds and personal information. The platform employs advanced encryption, two-factor authentication (2FA), and cold storage solutions for the majority of its digital assets, ensuring that users’ holdings are safeguarded against potential cyber threats. CoinZoom also conducts regular security audits and compliance checks to maintain high security standards and stay ahead of emerging threats. However, while CoinZoom’s security measures are comprehensive, users should remain proactive in their security practices. This includes enabling 2FA, using unique and strong passwords, and being cautious of phishing attempts. Although CoinZoom’s security infrastructure is strong, continuous updates and user education on security practices are essential to maintaining a secure trading environment.

Pros

Cons

CoinZoom takes security seriously, implementing robust measures to protect its users and their assets. Let’s delve into the security aspects of the platform to ensure users can trade with confidence.

Is CoinZoom Legit?

CoinZoom is a legitimate cryptocurrency trading platform. It complies with applicable regulatory frameworks and incorporates industry-standard security protocols to safeguard user assets and data. Regular audits and compliance checks help maintain a high level of security and trustworthiness.

Regulation and Licensing

CoinZoom operates under the regulatory guidelines of the jurisdictions in which it offers its services. It has taken steps to be compliant with international financial regulations, which enhances its legitimacy and assures users of its commitment to legal and ethical trading practices.

Is CoinZoom Safe?

Yes, CoinZoom employs several security measures to ensure a secure trading environment:
  • Cold Storage: The majority of user funds are held in cold storage, significantly minimizing the risk of theft from cyberattacks.
  • Two-Factor Authentication (2FA): Mandatory for all users, 2FA adds an extra layer of security at login and withdrawal points.
  • Encryption: High-level encryption protects sensitive data both at rest and in transit.

Security Methods

CoinZoom’s security infrastructure includes:
  • Multi-layered Security: Layers include DDoS protection, SSL encryption, and continuous network monitoring to detect and mitigate threats.
  • Regular Penetration Testing: Conducted by external security firms to ensure that all systems are secure against potential vulnerabilities.

Historical Security Performance

CoinZoom has maintained a strong security record with no significant breaches or hacks. This clean history reflects its effective security measures and operational practices.

Why It Is a Secure Crypto Exchange

  • User Education: CoinZoom provides its users with comprehensive resources on securing their accounts and recognizing phishing attempts, empowering them to contribute to their security.
  • Adaptive Security Measures: The platform continuously updates its security measures in response to new threats, ensuring it remains resilient against evolving cybersecurity challenges.

Conclusion of This Section

CoinZoom’s robust security measures, regulatory compliance, and commitment to user safety make it a highly secure platform for cryptocurrency trading. Its proactive approach to security and ongoing improvements ensure that it remains a trusted and safe choice for traders globally.

Customer service

CoinZoom offers a reliable customer service system with several channels for user support, including live chat, email, and phone support. The live chat feature is particularly helpful for quick queries and is available directly on the platform, ensuring users get prompt assistance. Email support is thorough, providing detailed responses typically within a day. Additionally, the platform has an extensive FAQ section that covers common issues, making it easier for users to find answers independently. Despite these strengths, there are areas for improvement. Some users have reported that during peak trading times, response times can be slower, which can be inconvenient for urgent issues. Moreover, while the live chat is efficient, it is not available 24/7, which might be a limitation for users in different time zones. Overall, CoinZoom’s customer service is dependable, but extending live chat availability to 24/7 could enhance the overall user experience significantly.

Pros

Cons

Customer Support

CoinZoom’s customer support system is designed to be comprehensive and user-friendly, offering multiple channels to assist users with their inquiries and issues. Here’s an in-depth look at the various aspects of CoinZoom’s customer support:

Reputation and Customer Feedback

CoinZoom has garnered a generally positive reputation for its customer service. Users often highlight the responsiveness and helpfulness of the support team. According to user feedback, common praises include:
  • Quick Resolution: Many users appreciate the fast response times and efficient resolution of issues, which enhances their overall trading experience.
  • Knowledgeable Staff: The support team is frequently commended for their expertise and ability to provide clear, concise answers to complex questions.
  • Professionalism: Users note the courteous and professional demeanor of the support representatives, which contributes to a positive interaction even during stressful situations.
However, there are occasional complaints about slower response times during peak periods, suggesting room for improvement in handling high volumes of inquiries.

Methods of Contact

CoinZoom provides several methods for users to contact customer support, ensuring flexibility and accessibility:
  • Live Chat: Available 24/7, live chat is the most immediate form of support, allowing users to get real-time assistance.
  • Email Support: Users can send detailed inquiries or issues via email. This method is useful for non-urgent matters or when users need to attach documents.
  • FAQ and Knowledge Base: The CoinZoom website features a comprehensive FAQ section and knowledge base that covers a wide range of topics, helping users find answers to common questions without needing to contact support.
  • Social Media: CoinZoom maintains an active presence on platforms like Twitter and Telegram, where users can also seek support or stay updated on the latest news and announcements.

Response Time

The response time for CoinZoom’s customer support can vary depending on the method of contact and the volume of inquiries. Here’s a general breakdown:
  • Live Chat: Typically, users can expect a response within a few minutes. This is the fastest method for getting assistance.
  • Email: Responses to email inquiries are generally received within 24 hours. During peak times, this may extend to 48 hours.
  • Social Media: Response times can vary widely, but CoinZoom aims to address public queries within a few hours.

Additional Considerations

When using CoinZoom’s customer support, here are a few tips and additional points that readers might find useful:
  • Prepare Information: When contacting support, have your account details and any relevant transaction IDs ready. This helps expedite the resolution process.
  • Use FAQs: Check the FAQ section first for common issues and solutions. This might save you time if the answer is readily available.
  • Be Clear and Concise: When describing your issue, be as clear and concise as possible. Providing detailed information upfront can help support resolve your issue more efficiently.
  • Follow Up: If you don’t receive a response within the expected timeframe, follow up with another message. Occasionally, inquiries can get lost, especially during high-traffic periods.
Overall, CoinZoom’s customer support is robust and generally well-regarded, offering various ways to get help and ensuring that users can trade with confidence and peace of mind.

Is coinzoom Right for You?

  1. Diverse Trading Options and High Liquidity:
    • If you are a trader looking for a platform that offers a wide range of cryptocurrencies and high liquidity, CoinZoom is an excellent choice. With over 120 tokens available for trading, including both popular and lesser-known altcoins, you can diversify your portfolio and capitalize on various market opportunities. The platform’s high liquidity ensures that your trades are executed swiftly with minimal slippage, which is crucial for maximizing your trading strategies.
  2. Advanced Trading Features with User-Friendly Interface:
    • CoinZoom is suitable for both novice and experienced traders. If you are new to cryptocurrency trading, you will appreciate the platform’s intuitive and user-friendly interface, which makes it easy to navigate and execute trades. For seasoned traders, CoinZoom offers advanced trading tools, including leveraged trading up to 50x, real-time charts, and technical analysis indicators, allowing you to implement sophisticated trading strategies with ease.
  3. Robust Security and 24/7 Customer Support:
    • If security and customer support are top priorities for you, CoinZoom stands out with its comprehensive security measures and dedicated customer service. The platform uses state-of-the-art encryption, cold storage for the majority of funds, and mandatory two-factor authentication to protect user assets and data. Additionally, CoinZoom offers 24/7 customer support through multiple channels, including live chat and email, ensuring that you can get help whenever you need it.
By considering these points, you can determine if CoinZoom aligns with your trading goals and preferences, making it the right choice for your cryptocurrency trading needs.

Coinzoom compared to other crypto exchanges

coinzoom

Threenvest score

3,6

Fees

US Legal

Yes

Security

High 4,5/5

Investing risks losing your money

bingx

Threenvest score

4,7

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Crypto.com

crypto.com

Threenvest score

4,9

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

  • CoinZoom supports a robust selection of over 120 cryptocurrencies, catering to a diverse range of traders looking to explore various digital assets. This extensive offering includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), along with a wide array of altcoins and tokens.
  • CoinZoom is accessible to users in many countries worldwide, including key markets such as the United States, United Kingdom, Canada, Australia, Germany, Japan, South Korea, and Singapore.
  • However, there are some restrictions. Notable cryptocurrencies not available for trading on CoinZoom include Binance Coin (BNB), Tether (USDT), and Shiba Inu (SHIB). Additionally, CoinZoom does not support users from several important countries due to regulatory constraints. These countries include China, Iran, North Korea, Syria, Cuba, and Sudan.
  • By offering a wide array of cryptocurrencies and being available in numerous countries, CoinZoom caters to a diverse global user base, although users from some key regions and those looking to trade specific coins might need to consider alternative platforms.
  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Ripple (XRP)
  4. Litecoin (LTC)
  5. Bitcoin Cash (BCH)
  6. Cardano (ADA)
  7. Polkadot (DOT)
  8. Chainlink (LINK)
  9. Stellar (XLM)
  10. Dogecoin (DOGE)
  11. Solana (SOL)
  12. Uniswap (UNI)
  13. Tezos (XTZ)
  14. TRON (TRX)
  15. Aave (AAVE)
  16. Cosmos (ATOM)
  17. VeChain (VET)
  18. Filecoin (FIL)
  19. Algorand (ALGO)
  20. Avalanche (AVAX)
  • United States
  • United Kingdom
  • Canada
  • Australia
  • Germany
  • Japan
  • South Korea
  • Singapore
  • France
  • Spain
  • Brazil
  • Argentina
  • India
  • South Africa
  • Nigeria
  • Kenya
  • New Zealand

FAQs

To open an account, visit the CoinZoom website and click on the ‘Sign Up’ button. Enter your email, create a password, and verify your email address. After verifying, complete the KYC process by providing your personal information and uploading a government-issued ID.
CoinZoom supports over 120 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and Polkadot (DOT). The platform offers a diverse range of digital assets to cater to different trading preferences.
CoinZoom is accessible in over 169 countries worldwide, including the United States, United Kingdom, Canada, Australia, Germany, and Japan. However, it is not available in certain countries like China, Iran, North Korea, Syria, Cuba, and Sudan due to regulatory restrictions.
CoinZoom uses a tiered fee structure based on your 30-day trading volume. Fees start at 0.20% for both makers and takers but can decrease with higher trading volumes. This competitive fee structure benefits active traders.
CoinZoom employs robust security measures, including cold storage for the majority of user funds, advanced encryption technologies, and mandatory two-factor authentication (2FA). Regular security audits are conducted to ensure the platform’s safety.
CoinZoom primarily supports crypto-to-crypto transactions and does not offer direct fiat currency deposits or withdrawals. Users must convert their fiat to cryptocurrency on another platform before transferring it to CoinZoom.
CoinZoom provides 24/7 customer support through multiple channels, including live chat and email. If you encounter any issues, contact support for assistance. Additionally, the platform offers a comprehensive FAQ section and knowledge base that may help resolve common issues.

Final opinion on Coinzoom

CoinZoom is a versatile and robust platform that caters to a wide range of cryptocurrency traders, from novices to seasoned professionals. Its extensive selection of over 120 cryptocurrencies, combined with advanced trading features like leveraged trading up to 50x, positions CoinZoom as a competitive option in the crypto market. The platform’s user-friendly interface, high liquidity, and innovative features such as the Flipster Earn Pool make it a standout choice for those looking to actively trade or earn passive income from their digital assets. Additionally, CoinZoom’s commitment to security, with measures like cold storage and two-factor authentication, provides users with a sense of safety and trust.
However, CoinZoom does have some limitations compared to other exchanges. The lack of direct fiat currency support may be a barrier for new users who prefer a more straightforward on-ramp into the cryptocurrency world. Moreover, while the platform offers robust customer support, the absence of phone support might be a drawback for users who prefer direct communication. Despite these weaknesses, CoinZoom’s overall offering remains strong, making it a worthy contender in the crypto exchange landscape.

At Threenvest, we believe CoinZoom’s combination of advanced features, security, and user-friendly design makes it a solid choice for traders looking to maximize their trading potential while maintaining peace of mind.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

alejandro-borja-analista-de-brokers.webp

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money